Qualcomm (NASDAQ: QCOM) Hits Two-Month High As Amazon AI Chip Deal Reshapes Growth Outlook
Foreign Policy Journal
Qualcomm (NASDAQ: QCOM) shares recently surged to a two-month high following investor excitement over its expanding push into AI data-center infrastructure, particularly after announcing a significant multi-generational collaboration with Amazon for customized AI chips for AWS. This deal, potentially worth up to $60 billion, is seen as a game-changer, diversifying Qualcomm's revenue beyond smartphone chips and addressing concerns about its reliance on Apple. While the company recently reported a
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